Personal Income Tax Rates and Thresholds

Here are some tables setting out the current rates for 2023/24 and 2024/25 and also what that means in terms of tax payable. As non-residents and working holiday makers are taxed differently, we've also included tables showing the tax rates for foreign residents and for working holiday makers.

Personal income tax rates and thresholds

Australian Residents

		2023/24
	Threshold	Rate
1st Rate	$0-$18,200	0%
2nd Rate	$18,201-$45,000	19%
3rd Rate	$45,001-$120,000	32.5%
4th Rate	$120,001-$180,000	37%
5th Rate	$180,001	45%

With Medicare levy included, the top marginal rate is 47%.

Tax rates and thresholds summarised

The tax rates for 2023/24 and 2024/25 (excluding the 2% Medicare levy) are as follows: 

2023/24 income year

Taxable income ($)	Tax Payable ($)
0-18,200	Nil
18,201-45,000	Nil + 19% of excess over 18,200
45,001-120,000	5,092 + 32.5% of excess over 45,000
120,001-180,000	29,467 + 37% of excess over 120,000
180,001+	51,667 + 45% of excess over $180,000

2024/25 income year

Taxable income ($)	Tax payable ($)
0-18,200	Nil
18,201-45,000	Nil + 16% of excess over 18,200
45,001-135,000	4,288 + 30% of excess over 45,000
135,001-190,000	31,288 + 37% of excess over 135,000
190,001+	51,638 + 45% of excess over $190,000

Non-residents (foreign residents)

Taxpayers who are not Australian residents are taxed at different rates.
The current rates for non-residents for 2023/24 and 2024/25 are:

2023/24 income year

Taxable income ($)	Tax Payable ($)
0-120,000	32.5%
120,001-180,000	39,000 + 37% of excess over 120,000
180,001+	61,200 + 45% of excess over $180,000

2024/25 income year

Taxable income ($)	Tax payable ($)
0-135,000	30%
135,001-190,000	40,500 + 37% of excess over 120,000
190,001+	60,850 + 45% of excess over $180,000

Working Holiday Makers

Taxpayers who are on a Working Holiday Maker Visa are taxed at special rates. The current rates for working holiday makers for 2023/24 and 2024/25 are:

2023/24 income year

Taxable income ($)	Tax Payable ($)
$0 -$45,000	15%
$45,000-$120,000	$6,750 + 32.5% of excess over $45,000
$120.001 - $180,000	$31,125 + 37% of excess over $120,000
$180,001 and over	$53,325 + 45% of excess over $180,000

2024/25 income year

Taxable income ($)	Tax payable ($)
$0 -$45,000	15%
$45,000-$135,000	$6,750 + 30% of excess over $45,000
$135,001 - $190,000	$33,750 + 37% of excess over $135,000
$190,001 and over	$54,100 + 45% of excess over $190,000

These rates apply to all working holiday makers (both resident and foreign residents) other than those from countries with a non-discrimination clause in their doubletax agreement with Australia, such as Chile, Finland, Germany, Israel, Japan, Norway, Turkey and the United Kingdom.